Financial

Uncertainties caused by Covid-19 created a stronger demand for precious metals, increasing quarterly and annual revenue results but positive profits for the last quarter & fiscal year were elusive. [more]

Digital Marketing Agency evolving into a data & analytics company as EQ’s data segment grows 112% Y/Y and the company signs key partnerships with data and service providers across Advertising, Banking, Financial and Insurance industries. [more]

Peak’s revenue in 2019 was $11.7M compared to $1.7M in 2018. The increase in revenue during the year was attributed to new service offerings from the Company’s ASDS, ASCS and ASSC subsidiaries, accounting for $8.3 million of new revenue. [more]

This week, major Canadian banks reported Q2/2020 earnings, with banks such as TD, who have a strong focus on consumer and commercial banking, impacted the most by the pandemic. Nevertheless, most Canadian banks are struggling to maintain bottom lines as PCL on loans were significantly increased to prepare for uncertainties in the economy. [more]

S&P 500 and S&P/TSX indices screens highlight companies with strong balance sheets and cash flows, which reduce liquidity risks and allow companies the ability to acquire distressed assets. Cash Kings – Alphabet, Microsoft & Facebook in the U.S. and Onex & Kirkland Lake in Canada [more]

As economies shutter down due to the Covid-19 virus, companies are experiencing a cash crunch as debt obligations reach maturity, corporations experience a drop in credit ratings, and financing options are limited. [more]

Banking Regulators seek capital preservation for funds to help companies and households through the current Covid-19 crisis. [more]

Peak announced that their ASDS subsidiary is working with the Jiangyin Municipal Government to help distribute financial aid to SMEs that were affected by the COVID-19 outbreak. [more]